Is it worth setting a reserve price on eBay?

By using a reserve price you can set a low starting price for your auction – and boost interest in your item – but without the risk of having to sell your item for less than you think it’s worth. … If the highest bid at the end of the auction is below the reserve price, you don’t have to sell the item.

How much does it cost to put a reserve on eBay?

how much does it cost to put an item up with a reserve?
Reserve price Add a minimum price that must be met for your item to sell. Reserve price
$0.01–$199.99 $2
$200 or more 1% of reserve price Maximum charge of $50
10-day duration Extend a listing’s duration to 10 days. http://pages.ebay.com/help/sell/fees.html $0.40

Do bidders see the reserve price?

When a bidder bids on the item, he will see a notice under the price explaining that the reserve has not been met. … The highest bidder will win the item. If the bidding does not reach $150 (the reserve price), the item won’t sell, and the seller isn’t required to honor any bids below the reserve.

Should I tell bidders what my reserve is?

In an auction, the seller is not typically required to disclose the reserve price to potential buyers. If the reserve price is not met, the seller is not required to sell the item, even to the highest bidder. As a result, some buyers dislike reserve prices as they encourage bidding at levels that may not win.

What happens if you don’t meet the reserve price on eBay?

A reserve price is the minimum amount the seller is willing to sell an item for. If the reserve price isn’t met, the item won’t be sold. … If you bid below the reserve price, you’ll see a “Reserve not met” message. This means that even if you’re the highest bidder at the end of the auction, you won’t win the item.

How much is the fee for a reserve price?

The eBay fee is $2.00 per listing to set a reserve price. The seller pays this fee even if the item does not sell. Most bidders hate dealing with the “Reserve Not Met” message.